It seems that not only lots of ordinary people get fired in these hard financial times but also the important employees! After Rick Wagoner , another CEO was fired, this time from Peugeot. The board of PSA Peugeot Citroen fired its Chief Executive, Mr. Christian Streiff, on Sunday and replaced him with Philippe Varin after the manufacturer posted a 343 million euro net loss.
“The board unanimously judged that the exceptional difficulties faced by the auto industry imposed a change of management,” said Chairman Thierry Peugeot. “I am convinced that under Philippe Varin’s leadership, the PSA Peugeot Citroen group will be able … to reveal all its potential,” he also added.
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